No city anywhere is immune to crime and drugs.

Are there off years, of course, just like any other region NYC is not immune to market conditions - however in the long term, NYC is an appreciation, equity, and tax writeoff gameplay. 

But it almost feels like they've just been grandfathered in to be immune to anti-trust suits. 

@Brian Burke  just like all real estate in a bad down cycle nothing is immuned even though we see people all the time on BP say in a bad market rentals will get stronger.. but they just dont know what they dont know.seem many a syndicated deal go turtle up.. generally in bad economic times.. or just plain mis management or even fraud by sponser.and I predict since do it your self syndication is being taught like flipping houses.. the next 5 years are going to find many a deal with those who just bit off a little more than they can chew..

Supposedly I'm only immune for the next 3 to 6 months. 

They tell you to factor in repair estimates supported by three licensed contractor bids, scope of work and breakdowns of material and labor costs, financing costs, holding costs, property tax, insurance, utilities, lawn care or snow removal, baby-sitting, coddling, pacifying or any other unforeseen provisions required to provide complete immunity to your powerless and unwitting buyer from personal responsibility.The numbers you disclose on your marketing material should be limited to price, ARV, supporting comparables and a “rough†repair estimate.

The possibility of increasing revenue through upsells is a great reason to consider multifamily properties.Recession-ResistantWhile no investment is completely immune to market fluctuations, multifamily properties tend to be more stable than other investments, such as single-family homes.

This is a common requirement to ensure transparency and accountability for property ownership and management.While your decision to establish separate LLCs for liability protection is a prudent one, it's crucial to understand that this may not provide absolute immunity from litigation if the city discovers the discrepancy.

However, even the smartest people are not immune to stupidity, the most abundant force in the universe.

If you're inclined to do it, I would require a large security deposit, an annual rent escalation clause, Renter's Insurance with Landlord As Additionally Insured obtained from a US insurer, and know that their immunity prevents you from taking them to court for non-payment and/or eviction - so make sure the security deposit in your state can be used to offset rent.